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MSNBC
Dec 29, 2012 11:00am PST
clear at that time fiscal cliff deadline may not be met. joining me live to talk about scenarios ahead, former pennsylvania representative and 2010 senate candidate as well, joe sestak, always good to see you. >> good to see you, craig. >> right now ideas are being debated behind closed doors and you suggest we shouldn't be talking so much about a fiscal cliff, per se. we should be talking about a bunny slope. describe what you think should happen. >> the fiscal cliff means we're taking $700 billion out of the economy because of the tax increases and spending cuts. if that happens our economy will hit rock bottom. we'll have zero growth over 2013. we will have, by the end of 2014, double digit unemployment. millions of americans will lose employment. so what you want to do is change the scale of that fiscal cliff to a gentle, let's say, bunny slope. we have a fragile economy, but it's accelerating and it's predicted as this year to grow. it grew at 2% to goh at 3% or more this coming year so you want this skier, so to speak to go down the slope and pick up speed so when you do come to the grand bargain that has $3 trillion of debt reduction. all they've got to do is shoulder 1 billion, changing the scale and put the rest of that
MSNBC
Dec 29, 2012 12:00pm PST
boehner's tax plan to raise taxes on those making more than $1 million a year. the fiscal cliff debate has illustrated then during influence of the tea party and the power of the conservative party. boehner can't guarantee that his members won't face primary challenges from the right so there's little surprise they won't follow his lead. >> mcconnell's not going agree to something that all other republicans are opposed to because he's a republican, too, and he has to worry about a primary, potentially, as well. the core of this is a lot of people are asking why won't house republicans compromise? the reason is a lot of their districts are highly conservative districts and biggest danger of not being re-elect side a conservative challenger ran against them saying hey, you supported a tax increase and you supported something president obama liked and that's what they have to think about each day they go to work and that's why they don't compromise on things they should compromise on. >> lynn, you said you're want optimistic about a deal being struck. do you still feel that way? >> oh, i think i would put the optimism meter up a notch or two just because people are working on there, and the more you look at the limited number of hours left, you actually probably can buy
Search Results 0 to 1 of about 2